| Comment Number: | 522418-02367 |
| Received: | 6/15/2006 3:16:57 PM |
| Organization: | Nikken |
| Commenter: | Barbara Satterwhite |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Madam: I am strongly opposed to Business Opportunity Rule R511993. It could prevent me from continuing as a distributor/affiliate with Nikken. I have been an independent Distributor/Consultant for over 9 years now, and I am very satisfied with my company's legitimacy and integrity. I do not have many options except to work from home. Nikken is the most viable and honest business I have ever worked. This 7 day waiting period will give the public the idea that there's something wrong with me or my company. My company already offers a 3-day right of recission to the consumer. That is the same as buying or refinancing a home, which is more than adequate. The entry cost to my company is only$49, and that covers product/service cost for me to run my business. People buy TVs, cars, and other items that cost much more than $49 and they don't have to wait 7 days. The record keeping alone would be insurmountable . I am a home based business owner and this burden would force me to hire outside help, for which I do not have the financial means. This proposed rule is overwhelming and frightening. Finally, the proposed rule requires the disclosure of a minimum of 10 prior purchasers nearest to the purchaser. To me, this is definitely a violation of privacy to a complete stranger, not to mention identity theft, and/or racial discrimination. I am very uncomfortable giving out the personal information of individuals (without their approval) to perfect strangers I may contact on the Internet. I would certainly never give them mine! In conclusion, I firmly believe this rule will do nothing to stop scam artists! Scam artists hurt my business too! I am a good American citizen and I am only trying to make an honest living! Thank you and please help me keep my business. Sincerely, Barb Satterwhite Nikken Independent Wellness Consultant